---
title: "SINOJIT Technology: Plans to pay a total of 239 million yuan to purchase equity in New Energy Bearings"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/263048708.md"
description: "SINOJIT Technology announced that the company intends to purchase a total of 48.9096% equity in Jiangsu Xinneng Bearing Manufacturing Co., Ltd. held by Wuxi Zongmeng Investment Co., Ltd. and 8.5435% equity held by Huajie for a total cash payment of 239 million yuan. Upon completion of this transaction, the company will hold 100% equity in Xinneng Bearing"
datetime: "2025-10-28T09:42:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/263048708.md)
  - [en](https://longbridge.com/en/news/263048708.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/263048708.md)
---

# SINOJIT Technology: Plans to pay a total of 239 million yuan to purchase equity in New Energy Bearings

SINOJIT Technology announced that the company intends to purchase a total of 2.39 billion yuan in cash for: 48.9096% equity of Jiangsu Xinneng Bearing Manufacturing Co., Ltd. held by Wuxi Zongmeng Investment Co., Ltd.; and 8.5435% equity of Xinneng Bearing held by Huajie. Upon completion of this transaction, the company will hold 100% equity of Xinneng Bearing

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